National HealthCare (NYSEAMERICAN:NHC) Shares Pass Above 200-Day Moving Average – Should You Sell?

National HealthCare Corporation (NYSEAMERICAN:NHC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $137.77 and traded as high as $164.42. National HealthCare shares last traded at $161.99, with a volume of 133,895 shares trading hands.

National HealthCare Stock Up 0.1%

The company has a market capitalization of $2.52 billion, a PE ratio of 21.12 and a beta of 0.60. The stock’s fifty day moving average price is $156.17 and its two-hundred day moving average price is $137.77.

National HealthCare (NYSEAMERICAN:NHC) last announced its quarterly earnings results on Thursday, February 26th. The company reported $1.83 earnings per share (EPS) for the quarter. The company had revenue of $386.51 million for the quarter. National HealthCare had a return on equity of 9.59% and a net margin of 7.91%.

National HealthCare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.56 annualized dividend and a dividend yield of 1.6%. National HealthCare’s payout ratio is 59.12%.

Institutional Trading of National HealthCare

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NHC. Caitong International Asset Management Co. Ltd bought a new stake in National HealthCare in the third quarter valued at $25,000. Quarry LP raised its holdings in National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock worth $32,000 after purchasing an additional 165 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of National HealthCare in the 4th quarter worth about $42,000. Simplex Trading LLC lifted its position in shares of National HealthCare by 140.0% in the 4th quarter. Simplex Trading LLC now owns 348 shares of the company’s stock worth $48,000 after purchasing an additional 203 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of National HealthCare during the 4th quarter valued at about $71,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

About National HealthCare

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.